Saudi Arabia · Financial institution
The Saudi Investment Bank
The Saudi Investment Bank (SAIB) is a Saudi joint-stock company headquartered in Riyadh. It was established by Royal Decree No. M/31 of 23 June 1976 and began operating on 16 March 1977. Its shares are listed on the Saudi Exchange, and the General Organization for Social Insurance is its largest shareholder. The bank offers wholesale, retail, commercial and treasury banking, with conventional and Shariah-compliant products. Its subsidiaries provide brokerage, asset management and other services. In September 2026 it agreed to sell its 50% stake in American Express Saudi Arabia to American Express (Middle East).
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- SIBCSARIXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under SIBCSARI directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 1 branch code
- BIC first registered
- 1989-03-29
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker 1030
Institution type
Commercial bank
Trades as SAIB
- Ownership
- The bank is listed on the Saudi Exchange, and the state-owned General Organization for Social Insurance holds about 25.6%.
- Major shareholder
- General Organization for Social Insurance 25.608%
- Stock listing
- Saudi Exchange (Tadawul) 1030
- Head office
- Al Ma'ather Road, P.O. Box 3533, 11481 Riyadh, Saudi Arabia
- Company register
- CR 1010011570 (Saudi commercial registration)
- Name in the local language
- البنك السعودي للاستثمار
Business lines
The bank describes its business as wholesale, retail and commercial banking, including financing for quasi-government and private industrial sectors and trade finance for imports and exports.
Online
- Websites & references
- saib.com.sa ↗ did not load when checked
Wikidata Q12184641 ↗ - Official social accounts
- None found
Sources · 9 pages consulted
- saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcem
- saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcem
- saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcem
- saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/!ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfI
- saib.com.sa/en/saib-overview
- saib.com.sa/integratedreport2018/en/annexes/corporate_information.html
- english.mubasher.info/markets/TDWL/stocks/1030/profile
- forbesmiddleeast.com/industry/economy/saudi-investment-bank-sells-50-american-express-saudi-stake-for-$381m
- agbi.com/banking-finance/2026/09/state-backed-bank-divests-from-american-express-saudi-arabia/
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Faisal bin Abdullah Al-Omran Chief Executive Officer (resignation accepted 28 September 2026, effective 30 September 2026)
- Chair
- Abdulatif Ali AlSeif Chairman of the Board
- Executive
- Salman bin Bader Al-Fagham Deputy Chief Executive Officer; appointed Chief Executive Officer effective 1 October 2026
- Executive
- Mohammed Saleh AlKhalil Vice Chairman of the Board
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Saudi Arabia
- Saudi Central Bank (SAMA) Prudential supervisorCentral bankAML supervisor
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The board accepted the resignation of CEO Faisal Al-Omran and appointed Salman Al-Fagham as CEO from 1 October 2026, following SAMA non-objection.
saudiexchange.sa ↗ -
Leadership
The bank announced the death of board member Mohammed bin Salem Mussa.
saudiexchange.sa ↗ -
Other
The bank called an extraordinary general assembly for 1 October 2026 to vote on an increase of its capital.
saudiexchange.sa ↗ -
Merger / acquisition
The bank agreed to sell its 50% stake in American Express Saudi Arabia to American Express (Middle East) for SAR 1,430.11 million, subject to regulatory approval.
saudiexchange.sa ↗ -
Leadership
Following SAMA non-objection, the board appointed Abdulatif Ali AlSeif as Chairman and Mohammed Saleh AlKhalil as Vice Chairman for the 2025–2028 term.
saudiexchange.sa ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- SIBCSARIXXX
- How the BIC breaks down
- SIBCBank
- SACountry · Saudi Arabia
- RILocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 558600V3J4M5TUY9HR70
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Saudi Arabia · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 1976
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- AL- MA'THER ROAD RIYADH 11481 3533 SAUDI ARABIA
- Operational address
- AL- MA'THER ROAD RIYADH RIYADH 11481 POB 3533 SAUDI ARABIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>SIBCSARIXXX</BICFI>
<LEI>558600V3J4M5TUY9HR70</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>SIBCSARIXXX</BICFI>
<LEI>558600V3J4M5TUY9HR70</LEI>
<Nm>THE SAUDI INVESTMENT BANK</Nm>
<PstlAdr>
<TwnNm>RIYADH</TwnNm>
<Ctry>SA</Ctry>
<AdrLine>AL- MA'THER ROAD RIYADH 11481 3533</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
One branch BIC connects to the head office. Banca Monte Dei Paschi di Siena publishes 1 account held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
Banca Monte Dei Paschi di Siena publishes 1 account held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| SAR | Banca Monte Dei Paschi di Siena Italy | SIBCSARI | IBAN : SA1965000000101159152002 | commercial transactions; same account listed for MM and FX | gruppomps.it ↗ dated Nov 2022 |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| SIBCSARISPV | SPECIAL PURPOSE VEHICLE | Riyadh | AL- MA'THER ROAD RIYADH RIYADH 11481 POB 3533 SAUDI ARABIA | — | 2017-12-30 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: saib.com.sa (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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